April Macro Slide Deck
The economic recovery fueled by excess liquidity and driven forward by increased vaccinations has begun to accelerate, judging from the most recent manufacturing and payroll data.
Read MoreU.S. services industry index hit an all-time high
The Institute for Supply Management (ISM) released its Services Index at 10 am, and it showed the sector’s growth was the strongest in the history of the data, which…
Read MoreMid-morning thought on ramp
Another one of those weird rotational market days with new highs in indices.
Read MoreMonday tactical indicators update
The record close in the S&P 500 Index (SPX) above 4,000 for the first time pushed two of our four tactical indicators further into overbought territory.
Read MoreEarly Monday look
S&P futures are higher in Monday morning trading coming out of the long holiday weekend. Asian markets higher in thin trading overnight. Many markets closed for public holidays, including…
Read MoreSome macro articles from around the street
We offer some interesting articles on topics that could affect the markets...
Read MoreBullish investor sentiment drops back below 50%
Retail investors were less optimistic on the future market direction, with bullish sentiment pulling back from an 18-week high.
Read MoreImpact on EPS of 28% corporate tax rate
As a reminder, in Answering key Fed and market questions in mid-March we highlighted the likely impact on 2021 S&P operating EPS estimate if the corporate tax rate rises…
Read MoreBlowout March ISM report
U.S. manufacturing activity expanded at a record pace in March, beating the consensus estimates across the board.
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